Community Dividend

Fed launches online guide to mortgage refinancing

Published November 1, 2008  | November 2008 issue

The Board of Governors of the Federal Reserve System has launched an online resource to help educate consumers about mortgage loan refinancing. A Consumer's Guide to Mortgage Refinancing explains the options, risks, and costs homeowners should consider before refinancing a mortgage loan. The site features a mortgage shopping worksheet, glossary of terms, answers to frequently asked questions, and a list of helpful contacts and resources.